Getty Images’ (GETY) “Outperform” Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Getty Images (NYSE:GETY) in a report published on Thursday morning,RTT News reports. The firm currently has a $7.70 price objective on the stock.

A number of other equities research analysts have also recently commented on GETY. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Macquarie reiterated a “neutral” rating and set a $3.75 target price on shares of Getty Images in a report on Wednesday, January 8th. Finally, Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Getty Images in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.61.

Getty Images Price Performance

Shares of NYSE:GETY opened at $2.04 on Thursday. The business’s fifty day moving average price is $2.47 and its two-hundred day moving average price is $3.02. The stock has a market cap of $836.95 million, a PE ratio of 16.97 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. Getty Images has a one year low of $1.90 and a one year high of $5.10.

Insiders Place Their Bets

In related news, CFO Jennifer Leyden sold 12,342 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $27,152.40. Following the transaction, the chief financial officer now directly owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. This trade represents a 4.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $72,056.60. Following the completion of the transaction, the chief executive officer now directly owns 1,212,648 shares in the company, valued at $2,667,825.60. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,521 shares of company stock valued at $155,146 in the last quarter. 12.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Intech Investment Management LLC purchased a new position in shares of Getty Images in the 3rd quarter worth $44,000. BNP Paribas Financial Markets purchased a new position in shares of Getty Images in the 4th quarter worth $27,000. Aigen Investment Management LP purchased a new position in shares of Getty Images in the 3rd quarter worth $48,000. Aristeia Capital L.L.C. purchased a new position in shares of Getty Images in the 4th quarter worth $28,000. Finally, Ameriprise Financial Inc. acquired a new stake in Getty Images in the 4th quarter valued at $28,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

Getty Images Company Profile

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.